# PPP loan: KLODT INCORPORATED
> **$562K** approved 02/27/2021 · Paid in Full · Loan `5054568504`
## Borrower
- **Name:** KLODT INCORPORATED
- **Address:** 50 Groveland Ter Ste A, Minneapolis, MN, 55403-1157
- **NAICS:** 531110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $562K
- **Initial approval:** $562K
- **Forgiven:** $566K (101%)
- **Forgiveness date:** 12/09/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $562K
- **Jobs reported:** 49
## Lender
- **Originating:** U.S. Bank, National Association
- **Servicing:** U.S. Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*